jojofang0901

EURUSD Impulse Up from Structure, Watch for Buys

Long
OANDA:EURUSD   Euro / U.S. Dollar

Hi traders:

Finally we are seeing some bullish price action on the lower time frame of EURUSD .

WE can see that price has reach both the higher time frame and both lower time frame's bottoms.

A HTF double bottoms, bottom of the HTF parallel structure, bottom of the LTF expanding structure, and bottom LTF descending channel has all been reached.

This is a great indication that if price doesn't continue lower, a bullish reversal is very likely and higher probability.

Latest development shows the LTF has a clean impulse move up, breaking up the descending structure now.

To confirm the next bullish up move, price needs to develop a bullish continuation correction on the LTF and complete,
before we can set the entry order for the buy.

Thank you
Comment: Inverse Head and Shoulder,
Bullish Breakout followed by continuation correction
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